Sovereign Report – Issue 45
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Content Summary
- European News
- UK Pension Schemes Act 2015 receives Royal Assent
- Cyprus citizenship-by-investment scheme nets €2 billion
- Sovereign Trust Cyprus gains Administrative Services Provider licence
- European Parliament adopts Fourth Anti-Money Laundering Directive
- Isle of Man progresses regulation for digital currencies
- Swiss Federal Council adopts dispatch on automatic information exchange
- Gibraltar consults on Personal Pension Schemes regulation
- USA & Caribbean News
- St Kitts & Nevis to tighten up Citizenship-By-Investment programme
- BVI introduces new criminal offence of failing to keep trust records
- UK requests timetable for central registers from Overseas Territories
- First Swiss banks settle under US Tax Programme
- BVI looks to pursue new direction
- Far East News
- New “reportable arrangement” rules for South African tax purposes
- Dubai opens Wills and Probate Registry
- Revised Mauritius-South Africa tax treaty finally comes into force
- Hong Kong Budget sets out proposals to boost financial centre
- Mauritius and Seychelles both sign Multilateral Convention
- UAE signs FATCA agreement with US
- DWTC converted into Free Zone
- Legal News
- UK Supreme Court allows taxpayer appeal in LLC case
- UK High Court allows widow to seek husband’s “secret assets”
- Court of Appeal awards disinherited woman one-third of mother’s estate
- Cayman Appeal Court sets aside Weavering decision
- South Africa’s Constitutional Court upholds entrepreneur’s exit charge
- Fiscal News
- G7 leaders reiterate commitment to automatic exchange
- UK Summer Budget 2015: the key announcements
- Seven new countries sign up to OECD Standard for automatic exchange
- EU releases corporate tax reform plan and pan-EU “blacklist”
- Swiss reject inheritance tax proposal
